A decade of Social Entrepreneurship India Award
Hyderabad: Jubilant Bhartia Foundation and Schwab Foundation for Social Entrepreneurship, a sister organisation of the World Economic Forum, celebrate 10 years of a vibrant partnership in bringing the most coveted social entrepreneurship award in India.
In 2010, the Schwab Foundation for Social Entrepreneurship and Jubilant Bhartia Foundation came together to promote social innovation in India through the Social Entrepreneur of the Year (SEOY) India Award.
*) Social Innovation Takes Off in India: A total of over 1480 unique social innovation applications have been received in 10 years.
*) 10 years have seen a total of 497 women applications across India.
*) Women Change Makers: 5 out of 9 winners of the SEOY India award are women social entrepreneurs.
*) Turnover of participating social organisations range from Rs 1 million to Rs 600 million.
*) Stringent evaluation: Two new parameters for evaluation of social entrepreneurs – Market-based and Technology-enabled solutions added this year.
*) New Trends In the recent years, sustainable farming and clean technology have emerged as new areas of social entrepreneurship
The SEOY India award 2019 will be presented at a high-profile event in New Delhi on 3rd October this year coinciding with the ‘India Economic Summit’ of the World Economic Forum and Confederation of Indian Industry.
The annual award recognises entrepreneurs who implement innovative, sustainable and scalable solutions. These entrepreneurs address pressing issues faced by under-served communities in an effort to make inclusive growth a reality in India. They work in diverse areas such as health, education, employment, water, clean energy, building identity & entitlements, financial literacy, access to information and technology among others.
The applications are evaluated on the key parameters of Innovation, Sustainability, Direct Social Impact, Reach & Scope, Replicability. The year 2019 sees the addition of two new parameters of ‘Market-based’ and ‘Technology-enabled’ solutions. The finalists will be selected following an intensive search and selection process, including expert reviews and site visits. The winner is selected by a prominent Jury consisting of eminent leaders and professionals from Government, Business, Media and Civil Society.
The winner of SEOY India will join the world’s largest network of social enterprises affiliated with The Schwab Foundation for Social Entrepreneurship, so as to engage, build and sustain their social enterprises. The winner is awarded by a prominent chief guest in a magnificent ceremony every year.
2019 Applications Trend:
*) Over 120 applicants from 19 cities
*) Over 30 applications from women social entrepreneurs
*) Health sector with 43% applications leads the nomination tally followed by Education at 40%, Environment 27% and Rural Development following closely at 26%
*) Around 20% of the entries from Women Empowerment
*) Most active sectors are Education, Health, Livelihood, Environment, Technology, Women Empowerment
*) New categories witnessed are Enterprise Development, Disability, Water & Sanitation, Labour Conditions, Micro Finance, Housing, Fair Trade, Energy, Sustainable Farming, Communication Media, Clean Technology and Nutrition
The Social Entrepreneur of the Year (SEOY) India Award aims to promote and celebrate leading social entrepreneurs and their unique ventures in India that help in addressing the various gaps in our society and country. Through providing recognition, the SEOY India Award hopes to inspire many other potential social entrepreneurs in India every year.